EL 31737 Henbury, Amadeus Project, Annual and Surrender Report, 1 August 2018 to 8 August 2019

Abstract

The Amadeus project comprises of six contiguous exploration licences ELs 31456, 31508, 31509, 31510, 31589, 31737. This is the surrender report for EL 31737. Amalgamated Group Technical reporting was granted for the project under title GR489 on 15th August 2018. The project holding covers 2,998 sq km, with EL 31737 consisting of 479 sq km of this. It is approximately 100 km south of Alice Springs in the Eastern Amadeus basin, with the Stuart Highway dissecting the western margin of the EL. The project area was targeted after a systematic analysis of the Northern Territory Geological Survey's database of exploration data extending back to the 1960's, and review of the COBRA report highlighting a first order zinc and cobalt anomalism in a favourable environment for mineralisation. The Amadeus Basin is part of an extensive belt of Neoproterozoic rocks which extends from the Paterson Province in northern Western Australia through to the eastern Amadeus Basin, east of Alice Springs. The Paterson Province hosts the Telfer gold mine and Nifty copper mine and Maroochydore copper deposit. The Paterson Province and Amadeus Basin also share equivalent age, geology and tectonic history to the Neoproterozoic African Copper Belt Basins. Major zinc discoveries in African Neoproterozoic Belts include Skorpion and Kipushi. The Amadeus Basin, while sharing an equivalent geological history as the Paterson Province and the African Copper Belt, has received only a fraction of the exploration activity, most of which was completed in excess of 20 years ago and EL 31737 having no documented historic exploration. Due to the prolonged economic downturn and lack of investor appetite for green field exploration, BMEx has had to rationalise its tenement holdings globally. Work completed during the tenure consisted of stakeholder access negotiations including the finalisation of an exploration agreement with local traditional owners, historical data compilation, desktop reviews and reconnaissance access, geochemistry and geological mapping. Multi element geochemical assay results 21 sample results from EL 31737. BMEx believes the project area warrants significant further work, however due to restricted funding, will focus exploration efforts on the Maryvale zinc Trend in EL 31546.